Whether you’re thinking about buying or selling, renting, or letting, EPC ratings play an integral role in the property market. You’ll need to know what they mean for your personal prospects – and if you’re planning on keeping your carbon footprint low.
With the climate-change crisis remaining hot on the agenda for the UK government, a low EPC rating could be just the factor that tips your property plans over the edge.
What is an EPC rating?
The ‘Energy Performance Certificate Rating’ measures your property’s overall energy efficiency. It’s measured from A to G – ‘A’ being the most efficient and ‘G’ being the least.
The higher the rating, the less it costs to heat and power the property. An energy-efficient home is a cost-efficient home – but beyond this – eco-homes are built with the environment in mind. This is why new-builds are some of the most energy-efficient properties on the market as buyers look to lower their carbon footprint, and we move towards a greener future.
How long does an EPC certificate last?
EPCs last for 10 years. Already having a valid EPC rating makes for a much quicker process when selling your property, as you won’t need to get your property’s efficiency re-evaluated. If your EPC has expired, or your property is yet to be assessed, you will need to arrange for an EPC rating before you can legally put your property on the market.
Can I still sell my house with a low EPC rating?
You can lawfully sell your property with a low energy performance rating, however, while many mortgage companies will certainly lend on properties with low EPC ratings, it’s equally likely that they will recommend potential improvements to bring the property to a minimum 'E' rating, and any improvements needed will be reflected in the property’s valuation.
As a buyer, it’s important you’re aware of the property’s rating before putting your offer in. And as a seller, it is evidently a worthwhile investment to bump up your EPC rating before the house is valued.
How can I improve my property’s EPC rating?
Double or triple-glazed windows provide solid insulation and can prevent around 20% loss of your home’s heat.
Replacing your appliances for more eco-friendly products with higher energy ratings can improve your home’s energy efficiency. For example, if your appliances are ranked B, swap them out for some that are ranked A++.
If your EPC rating is just scraping the margins, then switching to LED lightbulbs could make that last bit of difference.
Heat rises, so roof or loft insulation is a key factor in boosting your property’s rating. With good insulation, you can save up to 25% of heat lost through your property.
To find out the value of your property book your valuation today.
